Suppose that the adult population in the country of Atlantis is 115 million. If 80 million people are employed and 5 million are unemployed, then   Question 5 options: a 35 million are in the labor force. b 35 million are not in the labor force. c 75 million are in the labor force. d 30 million are not in the labor force.

The table presents recent data from the World Bank. Based on the data in the table, which statement is correct? Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka Mongolia $3,000 40.6% 8.0% Average household income Percentage of total of income earned by the top quintile of households Percentage of total of income earned by the bottom quintile of households 7.0% $3,000 47.6% Average household income varies more in Mongolia than in Sri Lanka. The rich tend to be richer in Mongolia than in Sri Lanka. Average income in the top quintile is lower in Sri Lanka than in Mongolia. Average income in the bottom quintile is lower in Sri Lanka than in Mongolia.

Answer the following options:  (Q#7)  What is the connection between education and the economic standard of             living for any country?     (a)  They are closely related. Education (and job training) enhance labor product-           ivity, which also raises national production at the collective level.    (b) They are largely unrelated. Education serves a goal of personal improvement           and allows one person to out-compete others for the best jobs.   Q#8) Until recently, the economy in China has grown steadily due to the deliberate           emphasis on low skill – low wage factory labor methods.  However, China’s           economic standard of living is still comparatively low.  To achieve a U.S. or            German standard of living what should be done?            a) China should continue to stress low skill labor intensive methods of productionthat will fully employ its large labor force             b) China should shift to more advanced and capital intensive methods…

How is it possible for labor productivity to increase if output is falling?

Does the "new economy" actually represent a new structure and culture for workers in the U.S.

Why don’t wages measure the full return to labor? Why is human capital the most important factor of production in a modern economy?

The term demographic transition refers to ____.   a. the slowing down in the growth of a population as it approaches the carrying capacity   b. the decline in death rates followed by a decline in birth rates that occurred when the germ theory of disease was discovered   c. a stabilization of crude birth rates   d. the decline in death rates followed by decline in birth rates when a country becomes industrialized   e. a requirement for a population to reach a specific size before it becomes stable

CALCULATE: Calculate total labor force growth rate in 2022 compared to 2021?

Canada has an employment insurance program (El) that provides income for those out of work. In this framework unemployment is a) still a problem because the employment insurance program provides only eligible unemployed persons with a small amount of funds that may not even be enough to cover their basic needs. Moreover the unemployed workers are sitting idle, not producing goods and services for consumption. b)not a problem because the employment insurance program is available to all workers in all occupations and provides sufficent funds to cover all of the worker's needs until they find another job. Moreoever there are enough goods and services available for consumption even if some workers sit idle. c)not a problem because the employment insurance program covers more than 70% of Canadian workers and this provides enough of the unemployed enough funds to cover their basic needs until they find another job. d)still a problem because the employment insurance program is not available…

Perfect labor mobility would tend to equalize real wage rates in participating countries. In reality, complete wage equalization does not occur. Why? In addition, if stringent restrictions are imposed on migration, what will happen to capital in high wage countries?